Lagouvardos Beach Property

For Sale

lagouvardos beachfront property

The opportunity exists to acquire a vacant 21,852 square meter development site which can accommodate a hospitality related use.

Planning indicates that the site can accommodate both residential and commercial uses and the parcel will permit a 20% building coefficient. This translates into approximately 4,371 square meters of building space.

This Lagouvardos beachfront land plot is one of the last remaining beach front real estate investment opportunities in the region.

This land plot is ideal for a hotel, glamping, medical tourism, or luxury villas.

The Details

Location Details:

Voted one of the 50 best places to travel in 2018 by the Travel + Leisure Magazine Messinia is a 12 months out of the year travel destination. The subject property benefits from its proximity to the adjacent beach and its exclusivity as the only developable site with direct beach access. It is also only a 10km drive from Costa Navarino.

Development Details:

Planning indicates that the site can accommodate both residential and commercial uses and the parcel will permit a 20% building coefficient. This translates into approximately 4,371 square meters of building space.

Preliminary drawings and highest-and best use study has been conducted which support a hospitality related development.

Type: Development Land

Zoning: Residential / Commercial

Recommended Use Case: Hospitality

Land Size: 21,852 m2

Building Coefficient: 20%

Main Buildings: 4,370 m2

Balconies & Enclosed Areas: 594 m2

Basement Areas: 873 m2

Beds: 296

Rooms: 96

Villas: 4

EU & Government Funding

Currently the Greek government in cooperation with the EU is offering funding of up to 50% of total construction cost which can significantly reduce the cost of development and provide alternative development capital.

The Lagouvardos beach is famous for its awesome waves which makes it one of Greece’s top destination for surfing and windsurfing enthusiasts. A pre-existing demand makes it a smart choice for risk-averse investors.